Timing is key
Long

Andrews 0 to 3 line with a ( well oiled:) timing technique!

AMEX:USO   UNITED STATES OIL FUND
460 8 6
Hello all,

Oil             has been pushing lower with some nice tradeable swings...I am looking for a reaction here after a 7 out of 8 ( TD             ) day sell - off. I have an interesting timing technique integrated with both the downward grey modified schiff pitchfork and an upward white 0 to 3 Centreline technique that I sometimes use to pick up the slope of the counter trend move and at least 1 ( sometimes both ) low & high pivots before a continuation of the downward push.

Note the Timing Technique: If you follow the color coded (a,b & c lower to a,b &c upper) letters & arrows you will see the colored triangles terminating @ the horizontal grey dashed line @ 16.15 have already picked up 2 out of 2 Low pivots of these counter trend moves. Will it be 3 out of 3??.

Let's see how things unfold.

Sincerely,

Ross B
MMM! possible reversal? closed high above reaction line..... let's see how far she pulls up!
Reply
Timing is key Timing is key
Got the bounce + 2 inside bars.....adjusted the fork....just stalking it
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Timing is key Timing is key
Still scraping the bottom of the barrel...a weak turn so far.....a break of lower sliding parallel will have it going to the ML and possibly beyond
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Timing is key Timing is key
Touchdown!!
Reply
Timing is key Timing is key
The first close below Sliding Parallel was the "Short" decision bar
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GM Ross.

Another great chart from you and very interesting technique.
Very courious how this one plays out.

Thank you for the insights!

Have a relaxing weekend ;-)
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Thankyou ES, I see initial bounce and then further downside, I feel first ML target will have nice $$ but will be broken after re-configuring a longer term forecast using an Andrews 0-4 line. See what happens
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Timing is key Timing is key
Sorry wrong chart
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